The formula for calculating compound interest with yearly contributions is:
Balance = X*(1 + Y)^n + Z((1 + Y)^(n + 1) - (1 + Y)/Y)
where the balance is the money earned after n years invested
Y is the interest rate as a fraction
Z is the yearly contribution
X is the starting investment
Therefore the calculation for this example is:
Balance = 1200*(1 + 0.05)^48 + 1200((1.05)^49 - (1.05)/05)
= $249,393.5
Answer:
A cross section is the intersection of a figure in three-dimensional space with a plane. A cross section is the face you obtain by making a "slice" through a solid object. A cross section is two-dimensional. We see cross sections in everyday life.
Answer: whats the question here if you wanna know how many boys there are there should be 12
Step-by-step explanation:
The answer is 5
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It is 42. It is easy like the bottom one
